Is travel insurance a necessity or a luxury? That is the question most people ask before starting on a journey. Well, the answer is pretty straight forward.
In today's world of unstable weather, family conflicts and global terrorism, you never know what will happen to your tour schedule, especially if you are visiting foreign countries. Our suggestion? Get travel insurance.
Insuring your trip can get you a refund, in case something goes wrong with your planned trip. Yes, you have to spend some money to get travel insurance, but if you have to cancel your trip, you won't lose most of your money!
The Instances in Which Travel Insurance Comes Handy
Suppose you have fixed and arranged all the aspects of a tour. Unfortunately, you could not make it, because of illness or some emergency official requirements. If you have travel insurance, you should be able to get a refund on air tickets and cruise tickets. Or take a far more common scenario. The flight got cancelled due to bad weather or purely economic reasons of the airline company. In such events, you may not even get a refund on your tickets if you do not have insurance protection.
Then there is the scenario of terrorism. These days you never know which place is going to be the next target of terrorists. Suppose your destination witnessed a serious terrorist attack. Airline companies are most likely to stop the flights to that place. You will be stranded in a particular airport in possibly a strange place. If you do not have travel insurance, you may not get a refund in these cases.
If unfortunately you meet with an accident while traveling abroad, your regular insurance company may not have the provision for providing you with the hospital expenses. But many travel insurances will take care of such expenses. Also, if you lose your baggage or some items while traveling, you will get compensatory claim amount if you have travel insurance. If your valuables get stolen during your trip, then too you will get some monetary consolation from the insurance coverage.
If you happen to be a frequent flier, that is, a person who travels by air frequently, then you might be able to take a travel insurance policy for one year. That saves you from taking an insurance policy each time you embark on a journey. While taking an insurance policy, always get the details from multiple agencies. Also, conduct a detailed enquiry and analysis of the features of the various policies. It is better to search on the internet to learn the details of the coverage of each type of policy.
Once you have travel insurance, you can rest a little easier knowing that your travel monies are protected.